Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => USDT Forum => Topic started by: MOProgress on December 13, 2018, 01:21:18 PM
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I have been wondering why USDT has always rage between $1.03 and $0.89, but want to ask if USDT can go as high as $5 some day.
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It’s the meaning of stable coin my friend, so the price will only swing around 1$, if it’s break and reach to just $2 by somehow, then for sure it won’t consider as a stable coin anymore
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Yea, USDT was created as a stable coin, and that remains one of it features. Due to the highly volitile nature of bitcoin, Tether was created to offer a stable assets that traders, investors and exchange can rely on at any given time.
In addition, because Tethers are backed by a store of real-world currency, users can enjoy the benefits of digital, blockchain-based transactions without being subject to the volatility of most cryptocurrencies.
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I have been wondering why USDT has always rage between $1.03 and $0.89, but want to ask if USDT can go as high as $5 some day.
because USDT always around $1, range $1.03 sd $0.89 are impact of person who buy and sell coin. They place sell /buy their coin above $1 or bellow $1 in exchangers. Average always $1.
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If USDT can go to $5 than I think when that happen, USDT won’t be call stable coin anymore and will be call as a normal coin whose the price is not stable
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Why a trader or holder need to pay $5 to buy an USDT tokenwhen next day he can sell it at price $1?
Just think of the best price: $1.2 per USDT, it is dead time of crypto market too!
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USD can never surpass the 1$ price because it is a stable coin.. I any thing contrary to means it's not a stable coin..
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The aim of USDTis to creat e a stable crypto trading environment, where there will be no much loss, and a controlled volatility in the crypto space. I see it as a coin for a bear market, which will keep your money safe through all the huddles the market will face.
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If that happens then Tether will definitely be the perfect arbitration of each Exchange.
Secondly, Tether will not be trusted with stable coins because the value of 5 USD has been confirmed inflation.
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we don't know what happened im future, but maybe yes i think
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All possibilities are there, especially in cryptocurrency everything can happen. Like the price of bitcoin which was previously very cheap and now has reached several hundred times even thousands of times. So for the future the price of the meter can pass from the price of $ 10. We are just waiting for everything to happen in the future.
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No, a USDT coin should never deviate significantly from one, that is, from the rate of the dollar itself. A stable coin must have a stable price. It should not be a profit from the increase in its value. If a stable coin grows in value or vice versa. falls in price, it means that something abnormal is happening to it.
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As I know stable coin can't cost more than 1$, it is one of the main ideas to make stable coins not volatile like cryptocurrencies
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Stable coins are therefore called stable, because they are not intended for profit and should roughly correspond to the unit value of the currency whose digital value they represent. They can only deviate slightly from the unit, but USDT or TUSD can not even grow to two dollars.